Michigan Cannabis Debts | A Cannabis Practice Launches | Vicente's New Counsel | Minnesota's Adult-Use Law
"In a market with significant price compression, real regulatory costs, real taxation costs and the high cost of capital, the business failures we're seeing were inevitable," said Dykema partner R. Lance Boldrey.
June 01, 2023 at 05:00 PM
9 minute read
Higher Law
Welcome back to Higher Law, our weekly briefing on all things cannabis. I'm Cheryl Miller, reporting for Law.com from Sacramento.
This week we're looking at:
|- Michigan's warning to licensees: Pay your bills.
- Wiggin and Dana's cannabis practice launch.
- Vicente's timely new Minnesota counsel.
- Minnesota's new adult-use cannabis law.
Jessica Owl, weighs recreational marijuana, during packaging in Jackson, Michigan, Wednesday, March 2, 2022. . Photo: Paul Sancya/AP
Michigan Weighs Action Against Cannabis Licensees With Unpaid Bills
Last week, Michigan regulators floated a potential rule that would deny cannabis licenses or license renewals to operators who haven't paid their bills. Specifically, the denials would be "based on civil judgments/court orders resulting from unpaid debt for work, services, products, or equipment provided solely in the cannabis industry."
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